Fiorete Says It’s Working its Way Through Restructuring

FINO MORNASCO, (CO) ITALY--Fiorete, the 84-year-old high end readymade and custom drapery fabric weaver is in the midst of a financial restructuring effort with its creditors._x005F_x000D_ _x005F_x000D_ A spokesman says “Fiorete is not closing despite rumors to the contrary although the company has effected some layoffs.”_x005F_x000D_ _x005F_x000D_ Prior to those layoffs, there were 250 employees in the Veniano and Fino...